The 7 days period is over. What is next?
When the bonus period ends, the bonus account will be closed. You will not be able to access it on MT5 anymore. But don’t worry — your profit will be fixed and displayed in the in the bonus widget of your personal area. You can withdraw it anytime once the conditions are fulfilled.
There is no time limit for you to withdraw the profit. The only thing you need to do in order to withdraw the profits is to trade a certain amount of lots on any of your real accounts. But kindly note: you can’t trade the bonus money to fulfil the withdrawal requirements.
The amount of lots to trade for the bonus profit withdrawal equals your bonus profit divided by 3. Once the conditions are fulfilled, you can either withdraw the profit or transfer it to your trading account.
You traded with the bonus for 7 days and made profits in amount of $20.
To withdraw the whole amount you need to trade 20 / 3 = 6.67 lots in total. If you want to withdraw a part of it, let’s say $3, you need to trade 1 lot.
It is not necessary to trade the whole amount of lots in one month. You can trade in parts and withdraw each month according to the traded lot size in the previous month.
Let's say the first month (after the 7 days) you trade 3 lots out of the 6.67. The withdrawable sum is calculated with the formula: number of lots executed in the previous month * 3.
3 x 3 = $9
You can withdraw the $9 from the bonus profits after the 1st of the month. And you will have $11 left in your bonus widget. You repeat this process every month that you are trading until you withdraw all the profit.
The required lots are calculated for both losing and winning trades. But kindly note: the lots executed on the bonus account or any other real account while the bonus is still active are not calculated. The traded lots are calculated after the 7 days of the active bonus period.
The lots from the closed trades will be calculated and displayed in the personal area bonus widget. The traded lot(s) is calculated as soon as you close the trade, there is no time limit for how long you need to keep the trade open.
Please note that on a Cent account 1.0 lot = 100.0 lots. 1 lot is 1.0 on the pro and standard accounts.
Check out the full terms and conditions here.
Comments
0 comments
Article is closed for comments.